The Manufacturers Life Insurance Company Takes $35,000 Position in Information Services Group, Inc. (NASDAQ:III)

The Manufacturers Life Insurance Company bought a new stake in Information Services Group, Inc. (NASDAQ:III) in the 2nd quarter, Holdings Channel.com reports. The fund bought 11,967 shares of the business services provider’s stock, valued at approximately $35,000.

Several other institutional investors have also modified their holdings of the business. CHICAGO TRUST Co NA bought a new stake in shares of Information Services Group in the second quarter worth $30,000. Arkadios Wealth Advisors bought a new position in Information Services Group in the 2nd quarter valued at about $32,000. Price T Rowe Associates Inc. MD bought a new stake in Information Services Group in the 1st quarter valued at $45,000. AQR Capital Management LLC bought a new stake in Information Services Group in the 2nd quarter valued at about $57,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Information Services Group by 9,259.7% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 21,621 shares of the business services provider’s stock worth $64,000 after acquiring an additional 21,390 shares during the period. Institutional investors own 73.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on III. Singular Research upgraded Information Services Group to a “moderate buy” rating in a research note on Wednesday, August 28th. Barrington Research restated an “outperform” rating and issued a $3.50 price objective on shares of Information Services Group in a report on Thursday, October 3rd.

Information Services Group Stock Performance

NASDAQ:III opened at $3.07 on Tuesday. The company has a market capitalization of $149.40 million, a PE ratio of -153.50, a P/E/G ratio of 2.56 and a beta of 0.95. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.14 and a current ratio of 2.14. The company has a 50 day simple moving average of $3.25 and a two-hundred day simple moving average of $3.28. Information Services Group, Inc. has a fifty-two week low of $2.92 and a fifty-two week high of $4.98.

Information Services Group (NASDAQ:III) last issued its earnings results on Monday, August 5th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. Information Services Group had a positive return on equity of 7.48% and a negative net margin of 0.38%. The company had revenue of $64.26 million during the quarter, compared to the consensus estimate of $65.51 million. Research analysts anticipate that Information Services Group, Inc. will post 0.09 earnings per share for the current year.

Information Services Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 6th were paid a dividend of $0.045 per share. The ex-dividend date was Friday, September 6th. This represents a $0.18 dividend on an annualized basis and a yield of 5.86%. Information Services Group’s dividend payout ratio (DPR) is currently -900.00%.

About Information Services Group

Information Services Group, Inc, together with its subsidiaries, operates as a technology research and advisory company in the Americas, Europe, and the Asia Pacific. The company offers digital transformation services, including automation, cloud, and data analytics; sourcing advisory; managed governance and risk; network carrier; technology strategy and operations design; change management; and market intelligence and technology research and analysis services.